By Leftlane Staff
Monday, Oct 10th, 2005 @ 1:36 pm

General Motors was downgraded this morning to “sell” from “neutral” by financial investment researcher Banc of America. Analyst Ronald Tadross raised the probability that GM will file for bankruptcy to 30 percent from 10 percent because of the increased liabilities and his belief that the United Auto Workers will be tougher on GM than on Delphi. Tadross cut his stock price target to $18 from $32. General Motors stock tumbled on Monday along with Delphi Corp. stock and bonds on news that the auto parts maker had filed for bankruptcy over the weekend. At the time of this posting, shares of GM were down nearly 5 percent.

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